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Analyzing the effects of the worldcom accounting fraud The WorldCom accounting fraud in 2002 was one of the largest scandals in the United States. CEO
Analyzing the effects of the worldcom accounting fraud The WorldCom accounting fraud in 2002 was one of the largest scandals in the United States. CEO Bernard Ebbers and senior executives devised a scheme to inflate profit in order to maintain the company's stock price. The perpetrators improperly recognized as assets WorldCom's telecommunication line expenses to assets. The amount of the improper capitalization amounted to $3.8 billion as initially discovered by WorldCom's internal audit head Cynthia Cooper. Eventually, it was found out the forensic accountants that the total amount of the fraud was $11 billion. Total Assets effect on the Accounts? Total Line Expenses effect on the Accounts? Total Net Income effect on the Accounts? Total Net Cash Flow from Operatioms effect on the Accounts? Total Assets effect to investors? Total Line Expenses effect to investors? Total Net Income effect to investors? Total Net Cash Flow from Operatioms effect to investors?
Analyzing the effects of the worldcom accounting fraud
The WorldCom accounting fraud in 2002 was one of the largest scandals in the United
States. CEO Bernard Ebbers and senior executives devised a scheme to inflate profit in order to maintain the company's stock price. The perpetrators improperly recognized as assets WorldCom's telecommunication line expenses to assets. The amount of the improper capitalization amounted to $3.8 billion as initially discovered by WorldCom's internal audit head Cynthia Cooper. Eventually, it was found out the forensic accountants that the total amount of the fraud was $11
billion.
Total Assets effect on the Accounts?
Total Line Expenses effect on the Accounts?
Total Net Income effect on the Accounts?
Total Net Cash Flow from Operatioms effect on the Accounts?
Total Assets effect to investors?
Total Line Expenses effect to investors?
Total Net Income effect to investors?
Total Net Cash Flow from Operatioms effect to investors?
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